Brief: Gevelot FY Current Operating Income Up At EUR 5.8 Million

Gevelot SA

06/04/2022 17:20

April 6 (Reuters) - Gevelot SA  ALGEV.PA :
    * FY GROUP'S CONSOLIDATED OPERATING INCOME IN 2021 AMOUNTED
TO A
PROFIT OF EUR 5.8 MILLION AGAINST EUR 4.1 MILLION IN 2020
    * PROPOSED DISTRIBUTION OF A DIVIDEND OF 3 EUROS PER SHARE
    * CONSOLIDATED NET INCOME FOR 2021 ACTIVITIES AMOUNTED TO
EUR 7.6
MILLION AGAINST EUR 1.2 MILLION IN 2020
    * CASH FLOW FROM OPERATIONS, REMAINS POSITIVE: EUR 12.1
MILLION
AGAINST EUR 16.0 MILLION IN 202
    * RECENT DRAMATIC GEOPOLITICAL EVENTS IN EASTERN EUROPE LEAD
US TO
BE VERY CAUTIOUS ABOUT OUR BUSINESS PROSPECTS, EVEN IF OUR
POSITIONS IN THESE AREAS REMAIN MODEST
    * GLOBAL IMPACT SHOULD HOWEVER BE MORE PENALISING IN
ECONOMIC,
COMMERCIAL TERMS
    * GROUP  TO ONCE AGAIN FIND NECESSARY RESOURCES TO ADAPT TO
THESE
DIFFICULT SITUATIONS
    * FY CONSOLIDATED TURNOVER EUR 101.3 MILLION VERSUS EUR 89.5
MILLION YEAR AGO
    * 2021 FY MARKED BY SUSTAINED GROWTH IN OIL & GAS ACTIVITIES
IN
AMERICAS, AS WELL AS BY SIGNIFICANT RECOVERY OF FOOD & INDUSTRY
ACTIVITIES IN EUROPEAN MARKET

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